1831 S Park AVE, Buffalo, NY 14220
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Judy Hinman

Judy Hinman

+1(315) 794-8305
$ 250,000
Est. payment /mo
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1831 S Park AVE Buffalo, NY 14220

4 Beds

4 Baths

5,392 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,392 sqft

Price per Sqft $46

Subdivision Buffalo Crk Reservation

MLS Listing ID B1670720

Bedrooms 4

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,967

Lot Size 6,651 Sqft

Acres 0.1527

Lot Dimensions 38X175

Property Sub-Type Multi Family

Property Description

Endless opportunity with this 4-unit property in the heart of South Buffalo! This value-add asset is primed for stabilization and offers strong upside potential for the right investor. The vacant three residential units consist of two spacious 2-bedroom units with market rents projected at $1,200/month each. One studio unit with a walk-out porch, which has an estimated rent of $950/month. A storefront with an existing tenant currently on a month-to-month lease who is open to signing a longer-term agreement. This brings the total stabilized rent to $4350 per month and $52,200 per year. Recent updates include newer windows, updated electrical service, a new furnace for the commercial space, and hardwood floors throughout much of the property. This is a great Brrrr opportunity for an investor looking for cash flow on the appreciating rents in South Buffalo. The carriage house next door is also available for a package deal.

Location

State NY

County Erie

Community Buffalo Crk Reservation

Area Buffalo City-140200

Rooms

Basement Full

Interior

Heating Gas, Baseboard, Forced Air

Flooring Hardwood, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Other,See Remarks

Construction Status Existing

Schools

School District Buffalo

Others

Senior Community No

Tax ID 140200-133-390-0001-003-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Atlas Realty Trading Co LLC

NEARBY SCHOOLS & PROPERTIES

Judy Hinman

Judy Hinman

Lic. RE Salesperson | License ID: 40HI1104699

+1(315) 794-8305

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